Goods and services expense (current LCU) in Papua New Guinea
Papua New Guinea: Goods and services expense (current LCU) was 4.11 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Papua New Guinea recorded 4.11 billion current LCU for goods and services expense in 2024.
The figure is down 20.8% on the previous year and up 66.5% over ten years.
Over the whole period, goods and services expense in Papua New Guinea peaked at 6.04 billion current LCU in 2022 and was at its lowest, 227.00 million current LCU, in 1998.
That places Papua New Guinea 114th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 283.00 million current LCU | — |
| 1991 | 376.44 million current LCU | +33.0% |
| 1992 | 381.37 million current LCU | +1.3% |
| 1993 | 531.18 million current LCU | +39.3% |
| 1994 | 261.44 million current LCU | -50.8% |
| 1995 | 281.61 million current LCU | +7.7% |
| 1996 | 633.92 million current LCU | +125.1% |
| 1997 | 606.36 million current LCU | -4.3% |
| 1998 | 227.00 million current LCU | -62.6% |
| 1999 | 744.16 million current LCU | +227.8% |
| 2000 | 1.09 billion current LCU | +46.1% |
| 2001 | 1.03 billion current LCU | -5.7% |
| 2002 | 906.80 million current LCU | -11.5% |
| 2014 | 2.47 billion current LCU | +172.3% |
| 2015 | 2.61 billion current LCU | +5.7% |
| 2016 | 2.50 billion current LCU | -4.4% |
| 2017 | 3.12 billion current LCU | +25.0% |
| 2018 | 3.83 billion current LCU | +22.8% |
| 2019 | 5.13 billion current LCU | +33.9% |
| 2020 | 4.27 billion current LCU | -16.7% |
| 2021 | 4.78 billion current LCU | +11.9% |
| 2022 | 6.04 billion current LCU | +26.5% |
| 2023 | 5.19 billion current LCU | -14.1% |
| 2024 | 4.11 billion current LCU | -20.8% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 4.11 billion current LCU is below the median for lower middle income countries, which is 40.65 billion current LCU, 10% of the median. (36 countries reporting)
- Papua New Guinea's 4.11 billion current LCU is below the median for East Asia & Pacific, which is 14.18 billion current LCU, 29% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +227.8% | 227.00 million current LCU | 744.16 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 432.65 million current LCU | 227.00 million current LCU | 744.16 million current LCU | 10 |
| 2000s | 1.01 billion current LCU | 906.80 million current LCU | 1.09 billion current LCU | 3 |
| 2010s | 3.28 billion current LCU | 2.47 billion current LCU | 5.13 billion current LCU | 6 |
| 2020s | 4.88 billion current LCU | 4.11 billion current LCU | 6.04 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.8663 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 600 % change on previous year (1997)
Frequently asked questions
- What is goods and services expense in Papua New Guinea?
- Goods and services expense in Papua New Guinea was 4.11 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Papua New Guinea?
- The highest recorded value was 6.04 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Papua New Guinea?
- The lowest recorded value was 227.00 million current LCU in 1998.
- How does Papua New Guinea rank for goods and services expense?
- Papua New Guinea ranks 114th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Papua New Guinea?
- Over the last ten years it is up 66.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.